Air Freight rises in June: IATA
IATA data for global air freight markets shows 2.3 per cent growth in demand (measured in freight tonne kilometres) over June 2013, which is slower than the 4.9 per cent growth reported for May.
Tony Tyler, IATA’s Director General and CEO said, “At the half-way point of the year, it is clear that overall cargo demand is much stronger than in 2013. Carriers in Asia-Pacific and the Middle East have been the biggest beneficiaries of the improved market conditions.
Europe is doing reasonably well, albeit still in recovery mode. The weak spot is the Americas”. However, overall growth for the first six months of 2014 stands at 4.1 per cent compared to the same period in 2013.
“The general improvement in the economic environment is always good news for air cargo. First there are a lot of risks out there—from conflicts and sanctions to potential national defaults and fear of the Ebola outbreak,” Tyler commented.
“Second, while air cargo is slowly emerging from two years in the doldrums time has not stood still. Logistics has become an even more intensely competitive sector,” he said.
“Shippers value faster end-to-end transit times, greater reliability and improved efficiency. More clearly than ever, the building blocks for the future of air cargo are found in global programs such as e-freight and Cargo 2000,” added Tyler.